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S.K. Gupta to
be VSNL head
Mumbai: S.K. Gupta, presently chief general
manager, Gujarat telecom circle, is tipped to be the chairman
and managing director of Videsh Sanchar Nigam.
The Economic Times, in a report said, Mr Gupta's name has been
approved by the cabinet committee on appointments. The
Public Enterprises Selection Board had earlier shortlisted
Mr Gupta and Narendra Sharma from among 17 candidates
for the post.
The post had become vacant
following the retirement of B.K. Syngal on 30 June 1998.
Amitabh Kumar has been functioning as the acting chairman
and managing director of VSNL.
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Zarir
J. Cama is HSBC CEO
Mumbai: Zarir J. Cama will be the new
chief executive officer (India) of the Hong Kong and Shanghai
Banking Corporation.
Mr Cama replaces Dyfrig
John.
Mr Cama will assume charge
on 1 October and he will also head the group's investment
banking companies in India -- HSBC Capital Markets India
and HSBC Securities India Holdings.
Mr John's new assignment
will be as deputy chairman and chief executive officer
of HSBC Bank Malaysia Berhad.
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Kavarana
to be chairman of Tata Infotech
Mumbai: F.K. Kavarana, executive director
of Tata Engineering and Locomotive Company and a director
of Tata Infotech, is set to take over as chairman of Tata
Infotech.
Mr Kavarana will replace
F.C. Kohli, who will step down in accordance with the
Tata norm of retiring at the age of 75.
Besides Mr Kohli, the Tata
Infotech board consists of managing director Nirmal Jain,
J.K. Setna, N.N. Kampani, S Ramdorai, N.A. Soonawala,
Shyamal Gupta and N.A. Palkivala.
Both Mr Kohli and Mr Palkhivala
have stepped from the Tata Sons board.
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B.K.
Modi quits Xerox Modicorp
New Delhi: B.K. Modi has resigned as
chairman of Xerox Modicorp. He has handed over the reins
of the company to Pat Martin of Xerox Corporation.
This move follows an agreement
between Modicorp and Xerox after the US firm decided to
take controlling stake in the Indian venture.
Mr Martin, president, developing
market operations, Xerox, will be responsible for developing
Xerox's business in India and other emerging markets.
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